C-2 Commercial
For Sale
$899,990
301 E TOMLIN STREET, Plant City, FL 33563
Centrally positioned parcel with nearby utilities and access to regional transportation connections.
Property Size2,880 SF
Price / SF$312.50
Days on Market9
Property Features for 301 E TOMLIN STREET
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Warehouse
Amenities
0.74 acres
Additional parcels description:, Parcel Number: P-29-28-22-5CI-000008-00000.0, Public Survey Range: 22, Public Survey Section: 29, Annual Amount: $5,992.81, Tax Block: 8, Tax Book Number: 1-74, Legal Description: THOMAS S P ADDITION TO PLANT CITY W 1/2 OF BLOCK 8, Year: 2025, Zoning: C-2
Mini-Split Unit(s)
Listing ID: MFRTB8532287, Standard Status: Active, MLS Status: Active, Property Subtype: Warehouse, On market as of 2026-08-20, 1 day on market, Special Conditions: None
Built in 1962, Living area: 5322, Living area units: Square Feet, 1 storey, Construction Materials: Block
Subdivision: THOMAS S P ADD TO PLANT C, MLS Area (Major): 33563 - Plant City, County/Parish: Hillsborough
Concrete Perimeter, Slab
Frontage Type: Access Road, Road Surface: Asphalt
Building Details
Year Built
1962
Listing Agency:
LING REALTY, LLC
(813) 731-5415
Listed By:
Dale Ling · License #3231411
Source:
Miharaandassociates
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LING REALTY, LLC
Investment Insights
Based on property information with market context.
This commercial land parcel is located at 301 E Tomlin Street in Plant City, Florida. The property carries C-2 zoning under the City of Plant City code, providing a defined framework for evaluating future commercial development or other uses allowed by the applicable regulations.
Nearby utilities support site planning, while the property’s central Plant City location places it minutes from I-4 and downtown. Regional access extends toward Tampa, Lakeland, and Orlando, with convenient connections to major transportation routes.
Nearby utilities support site planning, while the property’s central Plant City location places it minutes from I-4 and downtown. Regional access extends toward Tampa, Lakeland, and Orlando, with convenient connections to major transportation routes.
Key Highlights
- C‑2 zoning under the City of Plant City code
- Located at 301 E Tomlin Street, Plant City, FL 33563
- Utilities are located nearby
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,536
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,720
$610.7K
Cap Rate 7%
$436,229
$436.2K
Cap Rate 9%
$339,289
$339.3K
Market Conditions
NOI Build-Up for 2,880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.0K $13.20/SF
− Vacancy
−$2.1K −$0.73/SF
EGI
$35.9K $12.47/SF
− OpEx
−$5.4K −$1.87/SF
NOI
$30.5K $10.60/SF
Area
Hillsborough County, FL
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,720
Cap Rate 7%
$436,229
Cap Rate 9%
$339,289
Alternative Uses
Best Use
Warehouse
$436.2K
$381.7K – $508.9K
NOI $30,536 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$834.1K
$729.8K – $973.1K
NOI $58,385 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 33563, FL
27,344
Population
10,794
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
76%
High-School Grad
15.1 sq mi
ZIP Area
1,811
Density / Sq Mi
$56,318
Median Household Income
$35,142
Median Earnings
$1,226
Median Rent
$197,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Centrally positioned parcel with nearby utilities and access to regional transportation connections.
Where is this commercial land located?
The property is located at 301 E TOMLIN STREET Plant City, FL.
What is the asking price?
The asking price for this property is $899,990.
What are key features of this property?
This property features: C‑2 zoning under the City of Plant City code; Located at 301 E Tomlin Street, Plant City, FL 33563; Utilities are located nearby
